Keep pulling the thread on Larry Culp.
Since the first quarter, GE Aerospace has seen its year-over-year growth rate for spare parts orders accelerate to 40%.
GE Aerospace projects its services business will achieve a mid-teens growth rate in 2026.
GE Aerospace has an engine backlog for both narrowbody and widebody aircraft that extends well into the 2030s.
GE Aerospace increased its LEAP engine deliveries by over 60% in the first quarter of the current year.
GE Aerospace currently has a services and equipment backlog valued at $170 billion.
GE Aerospace anticipates that the next generation of narrowbody aircraft will be introduced in approximately 10 to 15 years.
GE Aerospace is developing an open fan engine architecture which it believes will deliver the next breakthrough in aircraft efficiency and sustainability.
GE Aerospace's spare parts orders increased by 30% year-over-year in the first quarter of the current year.
GE Aerospace is currently experiencing engine removals for maintenance at a rate that outpaces its capacity to complete the required shop visits.
For eight consecutive quarters, GE Aerospace has experienced sequential increases in inputs from its critical supplier partners.
GE Aerospace has shifted its supply chain strategy from a confrontational framework to one focused on deep technical collaboration and problem-solving with its partners.
United Airlines CEO Scott Kirby has recently made public statements praising the performance of GE Aerospace.